Tuesday, January 6, 2015

TS TradePlan for the YM E-mini Dow Futures - Wednesday January 7, 2015

TraderSmarts Numbers for YM (H)
18043, 18037, 18000, 19773, 17957, 17952, 17939, 17898, 17883, 17853, 17844, 17821, 17802, 17775, 17771, 17754, 17734, 17704, 17661,  17642, 17616, 17588, 17544, 17521, 17505, 17490, 17474, 17460, 17446, 17440, 17389, 17370, 17353, 17341, 17296, 17278, 17183, 17158, 17127, 17092, 17073, 17050, 17018, 16985, 16970, 16950, 16919, 16895, 16866, 16858, 16845 Support and resistance on the YM E-mini Futures

YM Contract Notes: 17296 TS # is LIS Wednesday. Have to comment on the unusually large distance between Execution/Target Zones. Pick your target (long or short) and hold for it. 

Macro Technical View: Rejection from 17955 MTS # in Z contract on last high. This high looks weak. Looking to short these highs heading into the new year. YM clients note that the MTS # target down from the weak high was hit in ES Monday 12/5/14 at 2024.75 MTS # ES. Immediate bias shifts to neutral on initial target down hit.

YM Execution/Target Zones: 
17704 Extreme Short
17616 - 17588 Highest Odds Short FTU
17389 - 17370 Range Short
17158 Range Long 
17077 Highest Odds Long FTD
16919 - 16895 Extreme Long

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